No country has achieved high income without manufacturing. Resource-rich countries can rely on exporting commodities, such as oil and gas, but if they lack manufacturing, they risk falling behind once the resources run out or demand dries up in the transition to clean energy. Malaysia’s industrial policy emphasises hi-tech, knowledge-based industries, fostering innovation through initiatives
Higher-for-longer interest costs and ample retail and office vacancies have pushed the sales of distressed investment properties in Hong Kong higher in the second quarter, a trend realtors expect to continue in an already tepid real estate market. An increasing acceptance among lenders and landlords to book steeper losses has driven up the number of
Najib, who lost the 2018 national election on the back of popular anger over 1MDB and allegations of rampant corruption in his government, was jailed in 2022 for graft linked to a former unit of the state fund. The latest return of 1MDB funds to Malaysia is the fourth made by the US government, raising
“Because of the more challenging investment environment, investors are becoming more selective and investing in companies that are past the ideation stage,” said Lawrence Loh, a professor at the National University of Singapore Business School. Who is Truong My Lan? From market stall to Vietnam’s biggest fraud case Singapore – home to about 4,000 tech